The Middle East and Africa Greenhouse Irrigation Systems Market is valued at USD 80 million in 2018 and expected to grow at a CAGR of 10.75%, with a projected market of USD 160 million in 2023. The market is expected to show evident potential in the forecast period.
DRIVERS & RESTRAINTS OF THE MARKET:
The said market is driven by the primary factors such as new developments in technology, increase in greenhouse covered areas, increased focus on water usage efficiency and rising population resulting in increased demand, etc. Whereas the lack of technical knowledge among technicians, high maintenance costs involved and huge investments are some of the key factors restraining the growth of this market.
REPORT SEGMENTED AS:
Based on Type:
• Drip irrigation system
• Micro sprinkler irrigation system
• Boom irrigation system
Based on Application:
• Fruit plants
• Nursery Crops
Geographically, the market is segmented into the Middle East and Africa regions. Due to the unstable economic conditions of this region, market growth is stagnant. However, increasing distribution channels and growing population with disposable income are aiding the growth of the market.
KEY MARKET PLAYERS:
• Rivulis Irrigation Ltd.
• Netafim Ltd.
• Jain Irrigation Systems Ltd.
• The Toro Company
• Valmont Industries Inc.
• Lindsay Corporation
• Rain Bird Corporation
• EPC Industries Limited
• Irritec S.P.A
• Nelson Irrigation Corporation
THE SCOPE OF THE REPORT:
The report offers an overall overview of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential debated and identified.
The key players in this market sector are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities about the market players who are delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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